diff --git a/modules/angular2/src/common/forms/directives/select_control_value_accessor.ts b/modules/angular2/src/common/forms/directives/select_control_value_accessor.ts
index e10346cc0b..bada98ae8c 100644
--- a/modules/angular2/src/common/forms/directives/select_control_value_accessor.ts
+++ b/modules/angular2/src/common/forms/directives/select_control_value_accessor.ts
@@ -15,6 +15,7 @@ import {
   StringWrapper,
   isPrimitive,
   isPresent,
+  isBlank,
   looseIdentical
 } from 'angular2/src/facade/lang';
 
@@ -24,6 +25,7 @@ const SELECT_VALUE_ACCESSOR = CONST_EXPR(new Provider(
     NG_VALUE_ACCESSOR, {useExisting: forwardRef(() => SelectControlValueAccessor), multi: true}));
 
 function _buildValueString(id: string, value: any): string {
+  if (isBlank(id)) return `${value}`;
   if (!isPrimitive(value)) value = "Object";
   return StringWrapper.slice(`${id}: ${value}`, 0, 50);
 }
@@ -70,7 +72,10 @@ export class SelectControlValueAccessor implements ControlValueAccessor {
     return null;
   }
 
-  _getOptionValue(valueString: string): any { return this._optionMap.get(_extractId(valueString)); }
+  _getOptionValue(valueString: string): any {
+    let value = this._optionMap.get(_extractId(valueString));
+    return isPresent(value) ? value : valueString;
+  }
 }
 
 /**
@@ -93,14 +98,21 @@ export class NgSelectOption implements OnDestroy {
     if (isPresent(this._select)) this.id = this._select._registerOption();
   }
 
-  @Input()
-  set value(value: any) {
+  @Input('ng-value')
+  set ngValue(value: any) {
     if (this._select == null) return;
     this._select._optionMap.set(this.id, value);
     this._setElementValue(_buildValueString(this.id, value));
     this._select.writeValue(this._select.value);
   }
 
+  @Input('value')
+  set value(value: any) {
+    if (this._select == null) return;
+    this._setElementValue(value);
+    this._select.writeValue(this._select.value);
+  }
+
   _setElementValue(value: string): void {
     this._renderer.setElementProperty(this._element.nativeElement, 'value', value);
   }
diff --git a/modules/angular2/test/common/forms/integration_spec.ts b/modules/angular2/test/common/forms/integration_spec.ts
index 6c07e4d6f5..ba76d390b5 100644
--- a/modules/angular2/test/common/forms/integration_spec.ts
+++ b/modules/angular2/test/common/forms/integration_spec.ts
@@ -396,10 +396,11 @@ export function main() {
                var select = fixture.debugElement.query(By.css("select"));
                var sfOption = fixture.debugElement.query(By.css("option"));
 
-               expect(select.nativeElement.value).toEqual("0: SF");
+
+               expect(select.nativeElement.value).toEqual("SF");
                expect(sfOption.nativeElement.selected).toBe(true);
 
-               select.nativeElement.value = "1: NYC";
+               select.nativeElement.value = "NYC";
                dispatchEvent(select.nativeElement, "input");
 
                expect(fixture.debugElement.componentInstance.form.value).toEqual({"city": 'NYC'});
@@ -423,12 +424,13 @@ export function main() {
 
                     fixture.debugElement.componentInstance.form =
                         new ControlGroup({"city": new Control("NYC")});
+
                     fixture.debugElement.componentInstance.data = ['SF', 'NYC'];
                     fixture.detectChanges();
                     tick();
 
                     var select = fixture.debugElement.query(By.css("select"));
-                    expect(select.nativeElement.value).toEqual("1: NYC");
+                    expect(select.nativeElement.value).toEqual("NYC");
                   })));
 
         it("with option values that are objects",
@@ -436,7 +438,7 @@ export function main() {
                   (tcb: TestComponentBuilder, async) => {
                     var t = `<div>
                       <select [(ngModel)]="selectedCity">
-                        <option *ngFor="#c of list" [value]="c">{{c['name']}}</option>
+                        <option *ngFor="#c of list" [ng-value]="c">{{c['name']}}</option>
                       </select>
                   </div>`;
 
@@ -468,7 +470,7 @@ export function main() {
                   (tcb: TestComponentBuilder, async) => {
                     var t = `<div>
                       <select [(ngModel)]="selectedCity">
-                        <option *ngFor="#c of list" [value]="c">{{c['name']}}</option>
+                        <option *ngFor="#c of list" [ng-value]="c">{{c['name']}}</option>
                       </select>
                   </div>`;
 
@@ -496,23 +498,23 @@ export function main() {
                   (tcb: TestComponentBuilder, async) => {
                     var t = `<div>
                       <select [(ngModel)]="selectedCity">
-                        <option *ngFor="#c of list" [value]="c">{{c}}</option>
+                        <option *ngFor="#c of list" [ng-value]="c">{{c}}</option>
                       </select>
                   </div>`;
                     tcb.overrideTemplate(MyComp, t).createAsync(MyComp).then((fixture) => {
 
                       var testComp: MyComp = fixture.debugElement.componentInstance;
-                      testComp.list = ["SF", "NYC"];
+                      testComp.list = [{"name": "SF"}, {"name": "NYC"}];
                       testComp.selectedCity = testComp.list[1];
                       fixture.detectChanges();
 
                       var select = fixture.debugElement.query(By.css("select"));
-                      expect(select.nativeElement.value).toEqual("1: NYC");
+                      expect(select.nativeElement.value).toEqual("1: Object");
 
                       testComp.list.pop();
                       fixture.detectChanges();
 
-                      expect(select.nativeElement.value).not.toEqual("1: NYC");
+                      expect(select.nativeElement.value).not.toEqual("1: Object");
                       async.done();
                     });
                   }));
@@ -522,7 +524,7 @@ export function main() {
                   (tcb: TestComponentBuilder, async) => {
                     var t = `<div>
                       <select [(ngModel)]="selectedCity">
-                        <option *ngFor="#c of list; trackBy:customTrackBy" [value]="c">{{c}}</option>
+                        <option *ngFor="#c of list; trackBy:customTrackBy" [ng-value]="c">{{c}}</option>
                       </select>
                   </div>`;
 
@@ -530,12 +532,12 @@ export function main() {
 
                       var testComp = fixture.debugElement.componentInstance;
 
-                      testComp.list = ["SF", "NYC"];
+                      testComp.list = [{"name": "SF"}, {"name": "NYC"}];
                       testComp.selectedCity = testComp.list[0];
                       fixture.detectChanges();
 
                       testComp.list[1] = "Buffalo";
-                      testComp.selectedCity = "Buffalo";
+                      testComp.selectedCity = testComp.list[1];
                       fixture.detectChanges();
 
                       var select = fixture.debugElement.query(By.css("select"));
@@ -552,7 +554,7 @@ export function main() {
                   (tcb: TestComponentBuilder, async) => {
                     var t = `<div>
                       <select [(ngModel)]="selectedCity">
-                        <option *ngFor="#c of list" [value]="c">{{c}}</option>
+                        <option *ngFor="#c of list" [ng-value]="c">{{c}}</option>
                       </select>
                   </div>`;
 
@@ -560,17 +562,17 @@ export function main() {
 
                       var testComp = fixture.debugElement.componentInstance;
 
-                      testComp.list = ["NYC", "SF", "SF"];
+                      testComp.list = [{"name": "NYC"}, {"name": "SF"}, {"name": "SF"}];
                       testComp.selectedCity = testComp.list[0];
                       fixture.detectChanges();
 
-                      testComp.selectedCity = "SF";
+                      testComp.selectedCity = testComp.list[1];
                       fixture.detectChanges();
 
                       var select = fixture.debugElement.query(By.css("select"));
                       var firstSF = fixture.debugElement.queryAll(By.css("option"))[1];
 
-                      expect(select.nativeElement.value).toEqual("1: SF");
+                      expect(select.nativeElement.value).toEqual("1: Object");
                       expect(firstSF.nativeElement.selected).toBe(true);
                       async.done();
                     });
@@ -581,7 +583,7 @@ export function main() {
                   (tcb: TestComponentBuilder, async) => {
                     var t = `<div>
                       <select [(ngModel)]="selectedCity">
-                        <option *ngFor="#c of list" [value]="c">{{c['name']}}</option>
+                        <option *ngFor="#c of list" [ng-value]="c">{{c['name']}}</option>
                       </select>
                   </div>`;
 
diff --git a/tools/public_api_guard/public_api_spec.ts b/tools/public_api_guard/public_api_spec.ts
index 802822c227..1251797616 100644
--- a/tools/public_api_guard/public_api_spec.ts
+++ b/tools/public_api_guard/public_api_spec.ts
@@ -780,6 +780,7 @@ const COMMON = [
   'NgSelectOption.constructor(_element:ElementRef, _renderer:Renderer, _select:SelectControlValueAccessor)',
   'NgSelectOption.id:string',
   'NgSelectOption.ngOnDestroy():any',
+  'NgSelectOption.ngValue=(value:any)',
   'NgSelectOption.value=(value:any)',
   'NgStyle',
   'NgStyle.constructor(_differs:KeyValueDiffers, _ngEl:ElementRef, _renderer:Renderer)',